Alternative Horizons Corporation

Analysis

Alternative Horizons Corporation is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in April 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alternative Horizons Corporation reported income of $914k and spending of $876k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $644k to $914k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alternative Horizons Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Community Housing Partners Corporation of Florida ($914k), Habitat for Humanity International Inc ($914k) and Tappan Free Library ($913k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $87k (9.9% of expenses). Other salaries and wages came to $241k. At year end it held assets of $779k against liabilities of $181k, net assets of $599k. It reported 11 employees.